Bitfury Newsroom

Bitfury Group, the Bitcoin mining and crypto tech pioneer, today announced that Brian P. Brooks, former United States Acting Comptroller of the Currency, has joined the Company as Chief Executive Officer, effective October 29, 2021. Mr. Brooks will lead the 10-year-old crypto unicorn as it launches a new funding round, increases the growth of its mining business with a revolutionary new microchip design and new global data center locations, and scales a portfolio of innovative businesses that grew out of the Company’s heritage as an early Bitcoin leader. Val Vavilov, Founder of Bitfury, will become Chairman of the Board of Directors and Chief Vision Officer, where he will continue his focus on developing over-the-horizon hardware and software innovations for Bitfury as it builds the infrastructure for a tokenized global economy.

LiquidStack, the world’s largest liquid cooling company, today announced its launch from stealth mode with new deployments across vital sectors such as high-performance computing (HPC), cloud services, artificial intelligence (AI), edge and telecommunications, backed by its first round of funding and a strong, experienced leadership team.

Cipher Mining Technologies Inc. (“Cipher Mining”), a newly formed U.S.-based Bitcoin mining operation, and Good Works Acquisition Corp. (Nasdaq: GWAC) (“Good Works”), a U.S. publicly-traded special purpose acquisition company, today announced they have entered a definitive agreement for a business combination. Upon closing of the transaction, the combined company will be named Cipher Mining Inc. (“Cipher” or the “Company”) and is expected to be listed on the Nasdaq under the new ticker symbol “CIFR”.

Bitfury Holding BV announced today the company sold 8,477,687 common shares of Hut 8 Mining Corp. (TSX-V: HUT). The company also filed on February 12, 2021 an intention to transfer, via secondary, an additional 8,500,000 common shares of Hut 8. Bitfury intends to use the proceeds from such sales for accelerated R&D, specifically around its next-generation ASICs chip development, which will positively influence Bitfury’s growing global ecosystems of customers and partners, inclusive of Hut 8. The proceeds will also be leveraged for bolstering Bitfury’s capital structure.

Today, the Bitfury Group announced Tyler Page had joined its executive team as head of business development for its digital asset infrastructure products and services. In this role, Page will be overseeing Bitfury’s digital asset investment program announced in May, designed to provide an avenue for institutional and professional investors to diversify their portfolios into digital currency operations.

As a partner and shareholder of Hut 8 Mining Corp. (Hut 8) Bitfury Holding BV (“Bitfury”) clarifies its filing on December 3, 2020.

The Bitfury Group and the Nippon Angel Investment Company (NAIC) announced the launch of a digital currency infrastructure fund, the first of its kind in Japan. The fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure.

Bitfury, a Bitcoin mining and emerging technologies company, announced today the launch of its institutional investor program, which will give high-net-worth individuals and firms an alternative investment vehicle to gain exposure to Bitcoin.

Today the Bitfury Group announced the launch of its institutional investor
program, designed to help large investors and family offices diversify their portfolios into digital asset infrastructure.

The total value of bitcoin transacted on the dark web is up 65% over the year, and 340% over three years, according to a report from Bitcoin technology company Bitfury.